CyberSecurity Insiders

JANUARY 6, 2023

Organizations are being confronted on all sides by cyber-danger. Here are our top 4 predictions on how this will play out in 2023: More Data Attacks, Greater Sophistication, Bigger Monetary Losses. Insurance Refusals and Rate Hikes. But not insurance companies.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

CSO Magazine

JANUARY 24, 2023

US financial institutions see peer-to-peer fraud and other digital fraud as the biggest cybersecurity concern in 2023. CSI), followed by data breaches (23%), ransomware (20%) and a breach at a third party (15%). It was cited by 29% of respondents in a survey by Computer Systems Inc.

Cyber threats 111

Cyber threats Identity Theft Cyber Insurance Insurance 111

CyberSecurity Insiders

MAY 1, 2023

Companies that fail to protect their customers’ information are likely to face lawsuits in the year 2023, as impacted customers are no longer willing to tolerate such acts at the expense of their privacy and financial losses. By the way, data spills occurring from state-funded hacks are no longer covered under cyber insurance.

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

SecureList

NOVEMBER 9, 2022

What cyberthreats for business will be the greatest in 2023? The ongoing geopolitical storm brings not only classical cyberthreats for business, but also unpredictable risks and ‘black swans’ The main problem for 2023 will be supply-chain stability and cybersecurity. Vladimir Dashchenko , Security Evangelist, Kaspersky.

Cybersecurity 137

Cybersecurity Cyber Insurance Cybercrime IoT 137

CyberSecurity Insiders

JANUARY 10, 2023

this tumultuous climate, it’s a safe bet to say that 2023 will be a year in which cybersecurity remains top of mind. Customer networks will become increasingly complex in 2023 as companies continue to move their critical assets to the cloud environment. In 2023, Microsoft Active Directory (AD) will continue to be a major risk.

Cybersecurity 108

Cybersecurity Identity Theft Digital transformation Cyber Insurance 108

CyberSecurity Insiders

DECEMBER 18, 2022

A look ahead to 2023 we can expect to see changes in MFA, continued Hactivism from non-state actors, CISOs lean in on more proactive security and crypto-jackers will get more savvy. MFA will remain critical to basic cyber hygiene, but it will cease to be seen as a stand-alone ‘set and forget’ solution.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

Cisco Security

JANUARY 10, 2023

Here are the topics that I think will be top of mind in 2023, and what CISOs can do to prepare. As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts.

CISO 142

CISO Insurance Cyber Insurance Phishing 142

SecureWorld News

DECEMBER 7, 2022

From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity. But 2023 might be the year it all comes to fruition. In 2023, we can expect this skills and labor shortage to continue.

Cybersecurity 92

Cybersecurity Cyber Insurance Insurance Social Engineering 92

BH Consulting

JULY 17, 2024

Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022. Howden’s annual report found that reported ransomware incidents were up by 18 per cent in the first five months of this year compared to 2023.

Cyber Insurance 69

Cyber Insurance Insurance Risk Marketing 69

Security Boulevard

JANUARY 25, 2023

It is difficult to predict with certainty what the top trends in cyberinsurance will be in 2023, as the field is constantly evolving and new developments are emerging all the time. The post CyberInsurance Predictions for 2023 appeared first on Security Boulevard.

Cyber Insurance 105

Cyber Insurance Insurance Risk Government 105

SecureWorld News

DECEMBER 29, 2022

Here's a compilation of a dozen solid trend pieces looking back at the year that was 2022 and the year ahead in 2023. Top 10 Challenges Facing CISOs in 2023 – "While 2022 was certainly no walk in the park, strong cybersecurity investments and institutional support suggest a light at the end of the tunnel.

Cybersecurity 74

Cybersecurity CISO Artificial Intelligence Digital transformation 74

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 billion in 2023 to $84.62 million — more than twice the global average of $4.35 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

SecureWorld News

MAY 9, 2023

The attacker managed to upload ransomware into the department's information technology system, which resulted in the department's operations being affected. According to the Los Angeles Times , the County had been quiet about the incident for weeks, reportedly discovering the attack in early April 2023.

Cyber Insurance 90

Cyber Insurance Insurance Ransomware Encryption 90

BH Consulting

JUNE 13, 2023

Target the human, swipe the cash: Verizon DBIR 2023 highlights crime trends Manage the human risk and mind your money: those are two key takeaways from Verizon’s 2023 Data Breach Investigations Report. Ransomware didn’t actually grow year on year; it held steady at 24 per cent of breaches.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

CyberSecurity Insiders

OCTOBER 26, 2022

The impact of ransomware attacks on businesses is twofold. While many equate ransomware with encrypted files and potential ransom payments, the consequences go even further in terms of the costs and requirements of an organization. The Dangers of Ransomware Attacks. By Rajesh Ram, Chief Strategy Officer at Egnyte.

Ransomware 120

Ransomware Cyber Insurance Insurance Risk 120

Malwarebytes

FEBRUARY 26, 2023

Last week on Malwarebytes Labs: GoAnywhere zero-day opened door to Clop ransomware Chip company loses $250m after ransomware hits supply chain GoDaddy says it's a victim of multi-year cyberattack campaign Twitter and two-factor authentication: What's changing? Have a burning question or want to learn more about our cyberprotection?

Cyber Insurance 75

Cyber Insurance Insurance Authentication Healthcare 75

Security Affairs

FEBRUARY 8, 2024

Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Shockingly, 96% of these attacks come through email.

Social Engineering 143

Social Engineering Cyber Attacks Cyber Insurance IoT 143

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. The problem is that businesses are not yet aware of double or triple extortion ransomware and how these tactics can affect their data protection strategies.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Security Affairs

DECEMBER 28, 2022

On May 2021, Ireland’s Health Service Executive service shut down its IT systems after they were hit with a “significant ransomware attack.”. With the increase in the number of cyber attacks, a growing number of organizations opted to transfer the cyber risk by underwriting cyber insurance.

Cyber Attacks 98

Cyber Attacks Cyber Insurance Insurance Cyber Risk 98

Security Affairs

OCTOBER 20, 2024

CISA adds Veeam Backup and Replication flaw to its Known Exploited Vulnerabilities catalog North Korea-linked APT37 exploited IE zero-day in a recent attack Omni Family Health data breach impacts 468,344 individuals Iran-linked actors target critical infrastructure organizations macOS HM Surf flaw in TCC allows bypass Safari privacy settings Two Sudanese (..)

Data breaches 120

Data breaches Cybercrime Cyber Insurance Marketing 120

SecureWorld News

MARCH 28, 2024

Department of Homeland Security (DHS) is set to implement long-awaited rules that will require critical infrastructure entities across multiple sectors to report cyber incidents and ransomware payments to the federal government. billion implementation cost from 2023-2033 "modest compared to the scale of cybercrime."

Cyber Insurance 93

Cyber Insurance Government Insurance Cyber Risk 93

SecureWorld News

FEBRUARY 6, 2024

New regulatory filings have exposed the skyrocketing costs of major cyber incidents, as big brands Clorox and Johnson Controls admitted collectively suffering more than $75 million in attack-related expenditures last year. Cleaning giant Clorox was struck by an unspecified cyber event discovered in August 2023.

Insurance 94

Insurance Cyber Insurance Cyber Risk Cyber threats 94

Malwarebytes

JANUARY 9, 2023

Google patches 60 vulnerabilities in first Android update of 2023. Software provider denied insurance payout after ransomware attack. LA housing authority is latest LockBit ransomware victim. Fake Flipper Zero websites look to cause a big splash. FBI warns of imposter ads in search results.

Insurance 75

Insurance VPN Ransomware Technology 75

Digital Shadows

OCTOBER 14, 2024

Key Points Ransomware activity grew by 2.3% lower than in Q3 2023. In the short term, we expect a gradual increase in ransomware incidents, peaking by Q4 2024. In the long term, we anticipate a greater use of large language models (LLMs) in ransomware negotiations and a rise in exfiltration-only attacks.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

SecureWorld News

OCTOBER 20, 2021

Especially because Accenture was hit with ransomware this year. On page 34 of the report, Accenture dives into the risk that cyber poses to the business. Accenture featured this earning's news on page 2 in a big, bold font.

Cyber Risk 82

Cyber Risk Risk Insurance Cyber Insurance 82

ForAllSecure

MAY 30, 2023

Say you’re an organization that’s been hit with ransomware. At what point do you need to bring in a ransomware negotiator? Mark Lance, the VP of DFIR and Threat intelligence for GuidePoint Security, provides The Hacker Mind with stories of ransomware cases he’s handled. The same is true with ransomware.

Ransomware 40

Ransomware Encryption Authentication Backups 40

SecureWorld News

OCTOBER 19, 2023

RELATED: Ransomware Incident Response: What Is It Like? ] "Reduced spending on cybersecurity doesn't have to equate to the inability to implement a certain control," said Krista Arndt, CISO at United Musculoskeletal Partners. As cyber threats surge, the expenses associated with cyber insurance rise, adding to the financial strain.

Cybersecurity 77

Cybersecurity CISO Education Phishing 77

ForAllSecure

MAY 17, 2023

Small to Medium Business are, today, the target of APTs and ransomware. Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. GRAY: Absolutely.

Internet 40

Internet Internet Insurance Cyber Insurance 40

Security Boulevard

JANUARY 18, 2024

I first explored and predicted the impacts several years ago and called out multiple shifts for the 2023 predictions. The highly controversial regulation took effect at the end of 2023 and publicly owned businesses in 2024 are now held accountable for compliance. In 2024: 1.

Risk 115

Risk Cybersecurity CISO Technology 115

Centraleyes

APRIL 9, 2024

The top five countries and regions for the highest average cost of a cyber security breach in 2023 were as follows: the US ($9.4 million, while compromised IP and customer data lead the pack in records stolen, costing companies an average of $183 per record in 2023. million per big data breach. million), the Middle East ($8.07

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

Jane Frankland

DECEMBER 7, 2023

Ransomware attacks will become even more sophisticated and intense in 2024, with more originating via unmanaged or bring-your-own devices, and human operated ransomware attacks. In 2023 they rose significantly , with ransom demands becoming more personal, (e.g. Data poisoning will gain popularity in 2024.

Cybersecurity 130

Cybersecurity Cyber threats Insurance Artificial Intelligence 130

BH Consulting

SEPTEMBER 7, 2022

The film is currently in production, with an anticipated release date of March 2023. And the cyber insurance market keeps growing. Fitch Ratings estimates annual cyber risk premiums are between $8-10 billion today. It had the potential to enable attacks including system compromise, data theft, or ransomware infections.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

Krebs on Security

MARCH 2, 2023

FIGHTING BADNESS IN THE CLOUD One could convincingly make the case that the world has witnessed yet another historic transfer of wealth and trade secrets over the past decade — in the form of ransomware and data ransom attacks by Russia-based cybercriminal syndicates, as well as Russian intelligence agency operations like the U.S.

Cybersecurity 251

Cybersecurity Insurance Cyber Insurance Government 251

Security Affairs

NOVEMBER 5, 2023

Kinsing threat actors probed the Looney Tunables flaws in recent attacks ZDI discloses four zero-day flaws in Microsoft Exchange Okta customer support system breach impacted 134 customers Multiple WhatsApp mods spotted containing the CanesSpy Spyware Russian FSB arrested Russian hackers who supported Ukrainian cyber operations MuddyWater has been spotted (..)

Cyber Insurance 130

Cyber Insurance Cryptocurrency Internet Internet 130